NEPSE edges up, turnover also rises

The stock market index NEPSE rose by about 4 points on Tuesday too, closing just short of the 2,600-point mark. Turnover rose alongside the index.

According to market data, turnover reached about Rs 4.73 billion on Tuesday, up from about Rs 4.46 billion on Monday. About 13.6 million shares of around 350 companies were traded during the day.

While share prices of more than 100 companies rose, those of more than 150 companies fell. Five of the 13 sub-indices rose.

The life insurance sub-index led the gains, rising about 1.77 percent, while the banking sub-index rose about 0.7 percent.

Among individual companies, Sagarmatha Power's share price rose by nearly 12.5 percent. Snow River's price fell about 15 percent, hitting the negative circuit, while Dhaulagiri Microfinance's price fell by nearly 13 percent.

By turnover value, Ghalemdi Hydropower topped the list with shares worth about Rs 364.7 million traded. Mountain Energy Nepal also saw about Rs 260 million worth of shares traded.